Nokia to Cut 7,000 Jobs

Diana ben-Aaron, reporting for Bloomberg:

Nokia Oyj, which was overtaken by Apple Inc. as the largest maker of mobile phones last quarter, will eliminate 7,000 jobs and transfer its Symbian software development to Accenture Plc in the Finnish company’s biggest reorganization in two decades.

This is why they brought in an outsider as the new CEO: to wield the hatchet.

Wednesday, 27 April 2011